Singapore Stocks to Watch: Straits Trading, Metis Energy, LHN, Medinex, Shanghai Turbo

Tiger Newspress2022-09-19

The following companies saw new developments that may affect the trading of their securities on Monday (Sep 19):

A subsidiary of Straits Trading, Straits Real Estate (SREPL), will spend A$63.5 million (S$60 million) to buy over a 20 percent stake in the Australia-established ILP No 1 Trust from Canoga Industrial Investment Trust, the company said in a bourse filing on Friday (Sep 16).

Metis Energy on Friday (Sep 16) announced that its wholly-owned subsidiary Athena Energy Holdings will spend A$12 million (S$11.5 million) to acquire a solar farm utility-scale project called Project Sunshine, which is in the final stages of development.

LHN Group’s co-living brand Coliwoo has agreed to buy a Pasir Panjang property for S$30 million, as the group eyes an expansion of its co-living portfolio in Singapore.

Medinex on Friday (Sep 16) corrected the record on its non-executive chairman Tan Lee Meng’s interest in an acquisition deal more than 3 years after the deal was completed.

Shanghai Turbo Enterprises stated it should be able to meet current liabilities through “careful” cash management and strengthening its cash flow position in a bid to allay concerns from the Singapore Exchange (SGX) over its liquidity.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

Take courage
2022-09-27
Take courage
Just monitor will do for now
LEESIMON
2022-09-19
LEESIMON
Good
Shahfarid
2022-09-19
Shahfarid
Ok 👍🏽
tina go
2022-09-19
tina go
K
- 小虎一飞冲天:
  👍🏼
TSY123
2022-09-19
TSY123
Ok
pjetan
2022-09-19
pjetan
🙏🏻

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